The New Year may bring some cheer to home buyers who have been unable to buy their dream homes presently because of the unaffordable prices. The Maharashtra Area and Housing Development Authority (MHADA) has decided to release as many as 3,863 of its newly constructed flats in Mumbai in January 2009. Check out the details here,

The application forms for buying these houses will be available at selected 15 HDFC branches from January 12 to January 30. These houses will be handed over to persons beloging to the economically weaker sections (EWS) as well as the lower, middle and high income groups. The MHADA has constructed flats at Pratiksha Nagar in Sion, Sahakar Nagar at Chembur, Canara Engineering at Ghatkopar , Shailendra Nagar at Dahisar, Bimbisar Nagar and Siddharth Nagar at Goregaon, Chandivli, Tagore Nagar and Kannamwar Nagar at Vikroli, and Versova in Andheri.

PlotsAPPLICATION FORM for PlotsAvailable for SaleHousing and Area Development Board.(A Regional unit of Maharashtra Housing & Area Development Authority)Flats constructed by the MHADA for the lower, middle and high income groups command a heavy demand as they are reasonably priced in an otherwise exorbitant Mumbai’s real estate market. In July 2008, the authority had announced its decision to release 870 houses at Malvani in Malad, each flat measuring not more than 180 sq ft. The scheme received an overwhelming response with over 2 lakh applicants trying their luck. The houses are yet to be handed over to the winners even as they were selected through the lottery system in last month.Mahada Housing schemes : Different housing schemes are being implemented by MHADA, as under: